Unsurprisingly, public bodies are recruiting less Accountancy trainees due to the recession and economic difficulties. The work of the Audit Commission has also declined, resulting in a drop in numbers of graduates being taken on. Some private sector firms have taken on public sector work but overall recruitment numbers are down.
A few local councils have set up in joint schemes to recruit graduates. The Society of London Treasurers run a graduate scheme which aims to recruit 25 graduates to work in a number of boroughs across London. Professional body CIPFA (Chartered Institute of Public Finance and Accountancy) is now working with other regions to look at similar schemes it can work with to deliver the qualification particularly in the Midlands and Wales.
Graduates looking for a career in Public Finance Accountancy need to offer at least a 2.1 degree or an alternative qualification in the accountancy field.